FDIC Certificate #: 28953 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cadence Bank, N.A. (#4999) Federal Reserve ID: 963374 Date Established: June 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2683 FDIC's unique #: 41787 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: January 02, 1935 Last Structure Change Effective Date: August 31, 1999 Last Structure Change Process Date: September 16, 1999 Last Data Update: September 16, 1999 Data Source Date: April 05, 2012
Location
Address: 1121 Main Street, Columbus, MS 39701 County: Lowndes Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Columbus-West Point, MS (#200) Core Based Statistical Area (CBSA): Columbus, MS (#18060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $155.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
33Total employees (full-time equivalent)
$157,298Total assets
$31,741Cash and due from depository institutions
$27,828Interest-bearing balances
$21,508Securities
$0Federal funds sold & reverse repurchase agreements
$99,669Net loans & leases
$530Loan loss allowance
$0Trading account assets
$1,856Bank premises and fixed assets
$0Other real estate owned
$348Goodwill and other intangibles
$0Life insurance assets
$2,176All other assets
$157,298Total liabilities and capital
$136,657Total liabilities
$125,878Total deposits
$119,618Interest-bearing deposits
$125,878Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,666Other borrowed funds
$0Subordinated debt
$1,113All other liabilities
$20,641Total equity capital
$20,641Total bank equity capital
$20,641Perpetual preferred stock
$0Common stock
$1Surplus
$7,614Undivided profits
Memoranda
$13,026Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,631Earning assets
$0Long-term assets (5+ years)
$1,006Average Assets, year-to-date
$149,005Average Assets, quarterly
$0Volatile liabilities
$148,307Insider loans
$155,104FHLB advances
$33,267Loans and leases held for sale
$1,841Unused loan commitments
$9,115Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,865Total unused commitments
$0Restructured Loans and leases
$86,237Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$10,880Total interest income
$6,269Total interest expense
$4,611Net interest income
$0Provision for loan and lease losses
$417Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$417Additional noninterest income
$2,884Total noninterest expense
$1,866Salaries and employee benefits
$220Premises and equipment expense
$798Additional noninterest expense
$2,144Pre-tax net operating income
$149Securities gains (losses)
$904Applicable income taxes
$1,389Income before extraordinary items
$0Extraordinary gains - net
$1,389Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.75%Yield on earning assets
4.47%Cost of funding earning assets
3.29%Net interest margin
0.30%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
0.87%Net operating income to assets
0.94%Return on assets (ROA)
1.55%Pretax return on assets
7.02%Return on equity (ROE)
7.02%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
119.11%Efficiency ratio
57,359Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.53%Loss allowance to noncurrent loans
32.50%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
1.63%Net loans and leases to deposits
79.18%Net loans and leases to core deposits
97.45%Equity capital to assets
13.12%Core capital (leverage) ratio
13.15%Tier 1 risk-based capital ratio
23.99%Total risk-based capital ratio
Memoranda
$25Average assets
$148,307Average earning assets
$19,782Average equity
$140,359Average loans
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